JoePatroni707
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New AA Stock Symbol Will Be AAL

Sat Nov 16, 2013 1:49 am

Just saw that the new AA stock symbol will be traded under the ticket AAL. It will trade on Nasdaq. Questions, what will happen to existing AA shares on the date it converts over (day of merger close). What will happen to LCC stock and symbol?

If I buy AA shares now would they covert over?

http://www.usatoday.com/story/todayi...trade-on-nasdaq-under-aal/3579345/

[Edited 2013-11-15 17:53:59]
 
ouboy79
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RE: New AA Stock Symbol Will Be AAL

Sat Nov 16, 2013 6:12 am

LCC should be automatically converted to AAL based on whatever the formula is. Existing AAMRQ will likely also be included in some sort over conversion per the reorganization plan. Both of the current stocks will then be cancelled out. So both AAMRQ and LCC goes away.

The new ticket symbol isn't too out there at least. AAL makes sense...also interesting since Allegheny traded under "AL" back in the day. Of course I always thought it was pretty neat that USAir/US Airways (pre-Ch 11) traded under "U". The single letter ones are obviously rare and to this date it hasn't been reassigned.
 
Independence76
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RE: New AA Stock Symbol Will Be AAL

Sat Nov 16, 2013 7:44 am

Surprised they didn't go with "AAGI" for American Airlines Group Incorporated.

Anyway, hopefully I can get my hands on some shares before they get too expensive.
 
Wingtips56
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RE: New AA Stock Symbol Will Be AAL

Sat Nov 16, 2013 8:23 am

I may not remember this right, but did "AAL" precede "AMR", or was it by the full name, American Airlines or some contraction of that? In any event, AAL works fine, just like UAL.
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C010T3
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RE: New AA Stock Symbol Will Be AAL

Sat Nov 16, 2013 10:04 am

It only makes sense to adopt AAL. Now all three large legacies will trade under their ICAO designator. It's just a shame that it won't be at the NYSE together with UAL and DAL.
 
FWAERJ
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RE: New AA Stock Symbol Will Be AAL

Sat Nov 16, 2013 4:28 pm

Quoting C010T3 (Reply 4):
It's just a shame that it won't be at the NYSE together with UAL and DAL.

Between their emergence from Chapter 11 and the CO merger, UA traded on NASDAQ under UAUA, not the NYSE under UAL like pre-Chapter 11. The merger with CO (who was CAL on the NYSE brought UA back to the NYSE and UAL ticker.

Among domestic airlines, AA won't be alone on NASDAQ. B6 (JBLU), G4 (ALGT), NK (SAVE), and several regionals including RAH (RJET) and SkyWest Holdings (SKYW) trade on NASDAQ as well. If VX does their IPO as planned, I expect them to go on NASDAQ as well a la their Bay Area peers. The only LCC that trades on the NYSE is WN (LUV, of course). AS trades on the NYSEunder ALK.

That said, as US trades on the NYSE today, I'm very surprised that they are going the NASDAQ route. But apparently, many companies are switching sides. Here in Indiana, Old National, the biggest Indiana-based bank and one of the 100 largest nationally, switched from the NYSE to NASDAQ this year but kept their ONB ticker.

[Edited 2013-11-16 08:31:32]
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yyz717
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RE: New AA Stock Symbol Will Be AAL

Sat Nov 16, 2013 4:49 pm

Quoting FWAERJ (Reply 5):
That said, as US trades on the NYSE today, I'm very surprised that they are going the NASDAQ route.

That surprised me also.

Given the fantastic rise of UA and DAL since their respective mergers and emergences (albeit in an overall bull market), the future (next 2-3 years anyway) looks bright for AAL stock.
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boeing773er
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RE: New AA Stock Symbol Will Be AAL

Sat Nov 16, 2013 5:02 pm

I would of hoped they would of went with the ticker AA, that would of made more sense. But I suppose with the two other major airlines going DAL and UAL it makes sense to keep it in line with the other major airlines.
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B727skyguy
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RE: New AA Stock Symbol Will Be AAL

Sat Nov 16, 2013 5:45 pm

Quoting Wingtips56 (Reply 3):
I may not remember this right, but did "AAL" precede "AMR", or was it by the full name, American Airlines or some contraction of that?

American Airlines always traded under the symbol "AMR." That's why they called the holding company "AMR Corporation." The name of the holding company came from their ticker symbol.

AAL has always been American's three leter IATA code.
 
flyby519
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RE: New AA Stock Symbol Will Be AAL

Sat Nov 16, 2013 5:52 pm

Quoting boeing773ER (Reply 7):

I would of hoped they would of went with the ticker AA, that would of made more sense. But I suppose with the two other major airlines going DAL and UAL it makes sense to keep it in line with the other major airlines.

Alcoa (mega aluminum producer) has the AA ticker symbol, and has had it for a very long time. I'm surprised AA didn't go for the NYSE and also surprised they didn't go with AAG (American airlines group). Is this dropping the "Group" terminology of any significance as far as future business model goes?
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Beardown91737
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RE: New AA Stock Symbol Will Be AAL

Sat Nov 16, 2013 11:54 pm

Maybe. For the short term, AAL will operate US Airways and American Airlines. After integration is complete, "Group" would make less sense and could be removed.
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Viscount724
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RE: New AA Stock Symbol Will Be AAL

Sun Nov 17, 2013 5:33 pm

Quoting B727skyguy (Reply 8):
AAL has always been American's three letter IATA code.

No, AAL is the ICAO code. The IATA code is AA.
 
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cageyjames
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RE: New AA Stock Symbol Will Be AAL

Mon Nov 18, 2013 5:47 pm

Quoting Beardown91737 (Reply 10):
After integration is complete, "Group" would make less sense and could be removed.

They'll still have Eagle, Piedmont and PSA at least until they spin those off (if that is the plan).